Define Willful Misconduct

question 2

Essay

Define willful misconduct.

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Definitions:

Duration Matching

A strategy used in portfolio management to align the durations of assets and liabilities, reducing interest rate risk.

Bond Portfolio Management

The process of creating and managing a collection of bonds to achieve specific investment objectives, taking into account factors like risk tolerance, return requirements, and liquidity needs.

Asset Matching

A strategy used in financial planning to align investments with future liabilities, ensuring that cash flows meet financial obligations when they arise.

Roth IRA

A retirement savings account allowing individuals to contribute after-tax income, with tax-free withdrawals on both contributions and earnings after age 59½.